Major cryptocurrencies were trading in the green early on November 24 as the global crypto market cap increased 1.97 percent to $837.27 billion, over the last day. On the other hand, the total crypto market volume dropped 4.17 percent to $61.23 billion over the last 24 hours.
The total volume in DeFi stood at $3.57 billion, which is 5.83 percent of the total crypto market 24-hour volume. The volume of all stable coins was $58.36 billion, which is 95.30 per cent of the total crypto market 24-hour volume.
The price of bitcoin, the world's largest cryptocurrency, hovered around Rs 14.40 lakh, with a dominance of 38.30 percent, a decrease of 0.33 per cent over the day, according to Coinmarketcap.
In other news, the Japanese central bank will start testing a proof-of-concept digital yen early in 2019. A central bank digital currency will be put through a stress test by the Bank of Japan and a number of unnamed financial institutions. The functionality of deposits and withdrawals as well as what transpires without internet connectivity will be tested. The choice to legally adopt a digital yen will be made in 2026. The majority of developed nations are working to create some sort of government-backed digital currency, and several, like China and Nigeria, have already launched public wallets. Read details here
Also Read | Warren Buffett's Berkshire warns about crypto website using its nameRead more on moneycontrol.com